豆一情绪缓和趋稳，花生供需僵持震荡

1. Report Industry Investment Rating - The investment rating for both soybeans and peanuts is neutral [1][3][5] 2. Core Viewpoints of the Report - For soybeans, the market sentiment has eased and stabilized. Low - protein soybean prices may see minor adjustments, while high - protein varieties lack upward momentum. Attention should be paid to demand recovery and policy changes [2] - For peanuts, the market is in a stalemate with oscillating prices. There is a lack of significant price drivers, and there are concerns about demand weakening [3][4][5] 3. Summary by Related Catalogs Soybean Market Analysis - Futures and Spot Data: The closing price of the soybeans No. 1 2605 contract was 4327.00 yuan/ton yesterday, up 15.00 yuan/ton (+0.35%) from the previous day. The edible soybean spot basis was A05 + 113, down 15 (-32.14% change in the basis value calculation might be a typo in the original text) [1] - Market Information: Northeast soybean spot prices remained stable. There was a structural differentiation, with low - price goods rising slightly and high - price ones falling slightly. Downstream procurement demand was weak, and the overall market circulation speed did not improve significantly. Specific spot prices in different regions in Heilongjiang were provided [1] Soybean Market Situation - The main soybean futures contract price oscillated slightly upward. Southern producers attracted some demand due to high Northeast soybean prices, but terminal consumption was weak, and market transactions were light. The price difference between different - quality soybeans in the sales areas was obvious, and transactions were mainly for rigid demand. The two - way auction of Sinograin was fully sold, but the reserve price was lowered without a premium. Farmers' remaining grain was limited, and traders' shipments were stable. Market bullish sentiment eased, downstream procurement was cautious, and inventory was controlled [2] Peanut Market Analysis - Futures and Spot Data: The closing price of the peanut 2603 contract was 7978.00 yuan/ton yesterday, up 32.00 yuan/ton (+0.40%) from the previous day. The average peanut spot price was 8045.00 yuan/ton, up 27.00 yuan/ton (+0.34%), and the spot basis was PK03 - 978.00, down 32.00 (+3.38%) [3] - Market Information: The average price of general - quality peanuts in the national market was basically stable. Different prices for various types of peanuts in regions like Henan, Shandong, Hebei, Liaoning, and Jilin were provided. The average contract procurement price of oilseed peanuts by national oil mills was 7350 yuan/ton, and the Shandong average was 7263 yuan/ton, remaining stable [3] Peanut Market Situation - The main peanut futures contract oscillated slightly upward. Farmers and traders generally had a reluctance to sell. The actual trading rhythm of commercial peanuts was slow, and downstream screening plants were prudent in procurement. Due to local snow and rain affecting logistics, the arrival volume of oilseed peanuts at oil mills decreased, while purchase quotes remained stable. Food processing enterprises mainly made purchases for rigid demand, and the pre - Spring Festival stocking motivation was limited, lacking significant price drivers [3][4]